Finance & Capital Management

Kmart Corporation's (NYSE:KM) Bluelight.com subsidiarytoday announced that they have signed an e-commerce agreement with Global Sports(NASDAQ:GSPT) to provide services for the company's online shopping site.

Liquidation specialists have gotten fat selling the assets of dead dot-coms, but there is one type of asset they may have overlooked. Website Recycling Company, or Webreco, an online spinoff of the nearly 100-year-oldliquidation company Gordon Brothers, intends to resell or license software mostly from defuncttechnology companies.

Target Corp. on Tuesday reported earnings per share for the second quarter ended August 4, 2001 of 30 cents, compared with 28 cents in the second quarter ended July 29, 2000.

Fleming on Monday announced that the company is affirming its previously announced guidance for 2001 adjusted earnings of $1.96 per share, as well as its 2002 and 2003 guidance of $2.50 per share and $3.30 per share, respectively.

The Penn Traffic Company (Nasdaq: PNFT - news) announced today that same store sales for the second quarter ended August 4, 2001, increased 0.7% from the comparable prior year period.

The Kroger Co. (NYSE: KR - news) today announced it has reached an agreementto purchase seven supermarkets in New Mexico from Furrs Supermarkets Inc.

Dutch supermarkets group Koninklijke Ahold NV said on Friday it had agreed to settle a lawsuit brought against it by U.S. shareholders in its Internet grocery unit Peapod (NasdaqNM:PPOD - news).

Mott's Inc., a wholly-owned subsidiary of London-based Cadbury Schweppes plc, announced on Tuesday it had agreed to acquire the ReaLemon and ReaLime brands and related assets from Eagle Family Foods Inc. for $128 million.